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Toyota Aims to Be No. 2 in the U.S.

By

Norihiko Shirouzu

Updated May 9, 2006 10:02 p.m. ET

DETROIT -- Toyota Motor Corp. wants to displace Ford Motor Co. as America's second-biggest marketer of automobiles in about five years.

According to Yuki Funo, a Toyota senior managing director who serves as chairman and chief executive officer of Toyota's U.S. sales unit, Toyota is aiming to sell three million vehicles a year by 2010. That equates to a nearly 18% share of the American market. If Toyota, currently a 14.2% share,...